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Polymarket Acquires QCEX for $112M, Boosts US Presence

7/21/2025

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Story summary
  • Polymarket has acquired QCEX for $112 million, marking its return to the US market post-investigations.
  • This acquisition enables Polymarket to function as a compliant prediction market platform for US users.
  • CEO Shayne Coplan highlighted the increasing demand and the need for regulatory clarity.
  • The collaboration with Elon Musk's X strengthens Polymarket's market presence.